A bill that clarifies insurers’ use of consumer credit reports in underwriting has passed the Illinois General Assembly and is expected to be signed by the Governor. The American Insurance Association (AIA) worked closely with the industry to educate members …
The American Insurance Association (AIA) noted that the adjournment on May 8th of the Kansas legislature ended a 10-week session marked by several important victories for the associaiton. Earlier in the week, Governor Bill Graves had signed all legislation of …
General Mills reached a partial settlement with several global companies which took part in the reinsurance of a property policy covering a 1994 oats handling case. General Mills plans to record this partial settlement, amounting nearly $55 million pre-tax net …
Shareholders and policyholders of the Australian insurance company HIH, which collapsed last March, have accused Andersen, one of the world’s biggest accounting and consultant firms, of negligence in its preparation and auditing of the insurer’s accounts. Essentially they charge that …
An overwhelming 98 percent of the policyholders of Scottish Life voted in person or by proxy at the society’s annual general meeting in Edinburgh to abandon the mutual format, and become a public company. The decision clears the way for …
PlaneShark ™, an on-line air transportation publication, based in Palo Alto CA, announced that it has put together “a comprehensive listing of aviation focused insurance agents, brokers, and underwriters on its website.” The on-line magazine specializes in all aspects of …
Fortis, the Dutch-Belgian financial services and insurance group, announced that net profits for the first quarter were 5 percent lower than last year’s figures, but reaffirmed its goal of increasing 2001 overall net operating income by more than 10 percent. …
New York’s Insurance Department and Department of Motor Vehicles are teaming up to locate insurance companies which provide incomplete information to the Insurance Information and Enforcement System. According to a report in the Times Union, the DMV estimates between 200,000 …
